California Licensing and Examination Support

California Licensing and Examination Support

California licensing and examination support.

APPROVED provides end-to-end licensing and examination support for financial services companies operating in California and nationally. We rely upon our extensive interactions with the state’s regulatory agencies and familiarity with evolving regulatory requirements to help clients secure and maintain licensure with ease and simplicity.

California licensing and examination support.

APPROVED provides end-to-end licensing and examination support for financial services companies operating in California and nationally.

We rely upon our extensive interactions with the state’s regulatory agencies and familiarity with evolving regulatory requirements to help clients secure and maintain licensure with ease and simplicity.

UPCOMING DEADLINE
CFL license transition.

Beginning in July 2021, California Financing Law licensees whose licenses aren’t currently maintained on NMLS are required to transition to NMLS and will have until the end of the year to do so. Licensees new to NMLS will need to create NMLS accounts and populate forms for the company, its branches, and its key individuals. And all licensees should be prepared to submit additional documents such as management charts, organizational charts, and business plans.

We’re here to help! Contact APPROVED to discuss your company’s requirements and visit our California Licensing Resource Center for additional news and information.

A Focus on California

A focus on California.

APPROVED’s licensing professionals have decades of experience working with California license applicants, licensees, and regulatory agencies. Our deep bench includes Debbie Stopeck, who brings more than 30 years of experience at the California Department of Financial Protection and Innovation.

We advise, report, and present on developments specific to California licensees, drawing upon our thorough understanding of California compliance obligations and experience navigating the state’s regulatory agencies and requirements.

  • California Department of Financial Protection and Innovation (DFPI) — successor to the California Department of Business Oversight (DBO)
  • California Department of Real Estate (DRE)
  • California Financing Law (CFL)
  • California Residential Mortgage Lending Act (CRMLA)
  • California Real Estate Law (REL)
  • California Consumer Financial Protection Law (CCFPL)
  • California Money Transmission Act (CMTA)

Licensing and Examination Solutions

Comprehensive licensing and examination services.

Our familiarity with California licensing regimes and requirements allows us to efficiently shepherd applications, amendments, reports, and renewals through the review process, as well as help clients prepare for and manage examinations. State-specific requirements and tasks are also integrated into our Mogy licensing regtech platform.

  • New license applications (company, branch, and individual)
  • Amendments
  • NMLS transitions
  • Periodic reports
  • Assessments
  • Renewals
  • Surrenders
  • Examinations
  • Self-service portal (DOCQNET) creation and maintenance

Advisory Services

Legal and regulatory advisory services.

APPROVED, with the guidance and review of Buckley attorneys, provides strategic support to California licensees and applicants, helping them meet compliance, structural, and operational challenges.

  • Business plans
  • Organizational and management structure
  • Waiver requests
  • Confidential treatment requests
  • Disclosure question responses and explanations
  • Other trade names
  • Periodic report scope
  • Credit education program approval